Question: Recently India has signed loan agreement with world bank for IBRD loan of US$ 100 million for which of the following project?
(a) Rajasthan Urban Water Supply Modernization project
(b) Karnataka Urban Water Supply Modernization project
(c) Madhya Pradesh Urban Water Supply Modernization project
(d) Uttar Pradesh Urban Water Supply Modernization project
Ans:(b)
Related facts:
- On 24 May 2016 the Loan and Project Agreements for World Bank (IBRD) assistance were signed between Government of India/Government of Karnataka and the World Bank .
- Amount of this loan is US$ 100 million and it will be utilised for the Karnataka Urban Water Supply Modernization project.
- The project would have four broad components:
I.Capital Investment Program;
II.Institution Building;
III.Technical Assistance for Sector Development; and
IV.Project Management. - The objective of the project is to provide city-wide access to a continuous piped water supply in the eligible cities in the State of Karnataka.
- The project will be implemented over a period of six years.
- Karnataka Urban Infrastructure Development & Finance Corporation (KUIDFC) is the implementing agency for the project.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=145598